Marc Faber: Only ‘Stupid Foreigners’ Buy Chinese Shares

Uber investor and Gloom, Boom and Doom editor Marc Faber says buying Chinese shares is a really dumb move. "The problem is that the local Chinese are selling and buying properties in Vancouver and in Singapore. They are shifting money outside," Faber tells First Post. "So, the insiders are selling and the stupid foreigners have been buying Chinese shares."